Following is the balance sheet for 3M Company. At December 31 2015 2014 Cash and cash equivalents $ 1,798 $ 1,897 Marketable securities-current 118 1,439 Accounts receivable, net 4,154 4,238 Inventories 3,518 3,706 Other current assets 1,398 1,023 Total current assets 10,986 12,303 Marketable securities-noncurrent 126 117 Property, plant and equipment--net 8,515 8,489 Goodwill 9,249 7,050 Intangible assets-net 2,601 1,435 Prepaid pension benefits 188 46 1,053 $32,718 1,769 $31,209 Other assets Total assets $ $ Short-term debt & current portion of LT debt Accounts payable 2,044 106 1,694 1,807 Accrued payroll 644 732 Accrued income taxes 332 435 Other current liabilities 2,404 2,884 Total current liabilities 7,118 5,964 Long-term debt 8,753 6,705 Pension and postretirement benefits 3,520 3,843 Other liabilities 1,580 1,555 Total liabilities 20,971 18,067 3M Company shareholders' equity: Common stock 9. Additional paid-in capital Retained earnings 4,791 4,379 36,575 34,317 Treasury stock Accumulated other comprehensive loss (23,308) (19,307) (6,359) (6,289) Total 3M Company shareholders' equity Noncontrolling interest Total equity 11,708 13,109 39 33 11.747 13,142 Total liabilities and equity $32,718 $31,209 Continued next page Cambridge Business Publishe actice Quiz, Module 4 Identify and compute its fiscal year-end 2015 net operating assets. a. $24,077 million b. $20,502 million $ 4,334 million d. $14,205 million С.
Following is the balance sheet for 3M Company. At December 31 2015 2014 Cash and cash equivalents $ 1,798 $ 1,897 Marketable securities-current 118 1,439 Accounts receivable, net 4,154 4,238 Inventories 3,518 3,706 Other current assets 1,398 1,023 Total current assets 10,986 12,303 Marketable securities-noncurrent 126 117 Property, plant and equipment--net 8,515 8,489 Goodwill 9,249 7,050 Intangible assets-net 2,601 1,435 Prepaid pension benefits 188 46 1,053 $32,718 1,769 $31,209 Other assets Total assets $ $ Short-term debt & current portion of LT debt Accounts payable 2,044 106 1,694 1,807 Accrued payroll 644 732 Accrued income taxes 332 435 Other current liabilities 2,404 2,884 Total current liabilities 7,118 5,964 Long-term debt 8,753 6,705 Pension and postretirement benefits 3,520 3,843 Other liabilities 1,580 1,555 Total liabilities 20,971 18,067 3M Company shareholders' equity: Common stock 9. Additional paid-in capital Retained earnings 4,791 4,379 36,575 34,317 Treasury stock Accumulated other comprehensive loss (23,308) (19,307) (6,359) (6,289) Total 3M Company shareholders' equity Noncontrolling interest Total equity 11,708 13,109 39 33 11.747 13,142 Total liabilities and equity $32,718 $31,209 Continued next page Cambridge Business Publishe actice Quiz, Module 4 Identify and compute its fiscal year-end 2015 net operating assets. a. $24,077 million b. $20,502 million $ 4,334 million d. $14,205 million С.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Following is the balance sheet for 3M Company.
At December 31
2015
2014
Cash and cash equivalents
$
1,798
$
1,897
Marketable securities-current
118
1,439
Accounts receivable, net
4,154
4,238
Inventories
3,518
3,706
Other current assets
1,398
1,023
Total current assets
10,986
12,303
Marketable securities-noncurrent
126
117
Property, plant and equipment--net
8,515
8,489
Goodwill
9,249
7,050
Intangible assets-net
2,601
1,435
Prepaid pension benefits
188
46
1,053
$32,718
1,769
$31,209
Other assets
Total assets
$
$
Short-term debt & current portion of LT debt
Accounts payable
2,044
106
1,694
1,807
Accrued payroll
644
732
Accrued income taxes
332
435
Other current liabilities
2,404
2,884
Total current liabilities
7,118
5,964
Long-term debt
8,753
6,705
Pension and postretirement benefits
3,520
3,843
Other liabilities
1,580
1,555
Total liabilities
20,971
18,067
3M Company shareholders' equity:
Common stock
9.
Additional paid-in capital
Retained earnings
4,791
4,379
36,575
34,317
Treasury stock
Accumulated other comprehensive loss
(23,308)
(19,307)
(6,359)
(6,289)
Total 3M Company shareholders' equity
Noncontrolling interest
Total equity
11,708
13,109
39
33
11.747
13,142
Total liabilities and equity
$32,718
$31,209
Continued next page
Cambridge Business Publishe
actice Quiz, Module 4
Identify and compute its fiscal year-end 2015 net operating assets.
a. $24,077 million
b. $20,502 million
$ 4,334 million
d. $14,205 million
С.
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